Reviewed by Mustafa Bilgic
Founder, WebCalculator
Plan 1 figures use the 2026/27 repayment threshold (£26,900) and 9% rate published by HMRC and GOV.UK. Estimates only — your payslip may differ. Not financial advice.
The Student Loan Plan 1 repayment calculator shows exactly how much is deducted from your salary each month and year for 2026/27. Enter your gross salary below to see your Plan 1 repayment and the impact on your take-home pay, using the current threshold of £26,900 and the 9% rate set by HMRC.
Monthly and annual repayments
If you started an undergraduate course in England or Wales before 1 September 2012, or studied in Northern Ireland, you are on Student Loan Plan 1. Your employer deducts 9% of everything you earn above the repayment threshold each pay period through PAYE. For 2026/27 the threshold is £26,900 a year (£2,241.67 a month, £517.31 a week).
On a £35,000 salary you earn £8,100 above the threshold. At 9% that is £729 a year, or about £60.75 a month. Combined with Income Tax and NI your total take-home drops from roughly £28,060 (no loan) to £27,331.
Annual Plan 1 repayment for 2026/27 (no pension, no other deductions):
| Salary | Plan 1 / yr | Plan 1 / mo | Take-home / yr |
|---|---|---|---|
| £26,900 | £0 | £0 | £22,530 |
| £30,000 | £279 | £23 | £24,547 |
| £35,000 | £729 | £61 | £27,331 |
| £40,000 | £1,179 | £98 | £30,021 |
| £50,000 | £2,079 | £173 | £35,261 |
England and Wales Plan 1 loans are written off 25 years after the April you were first due to repay. Northern Ireland Plan 1 loans are written off when you turn 65. If your balance will be cleared by normal repayments well before the write-off date, voluntary overpayments save interest. If not, overpaying could mean paying more than you need to. The Student Loans Company can confirm your balance and projected write-off date.
For a full take-home breakdown including Plan 1, pension and other deductions, try the take-home after student loan calculator or the salary calculator.
The Plan 1 repayment threshold for 2026/27 is £26,900 a year (£2,241 a month). You repay 9% of everything you earn above that threshold. On a £35,000 salary that means £60.75 a month.
You are on Plan 1 if you took out a student loan in England or Wales before 1 September 2012, or if you took out a student loan in Northern Ireland at any time. Your payslip or Student Loans Company statement will confirm your plan type.
Plan 1 loans taken out in England and Wales are written off 25 years after the April you were first due to repay. Northern Ireland Plan 1 loans are written off when you turn 65.
Yes. If you have both an undergraduate Plan 1 loan and a Postgraduate Loan, HMRC deducts 9% above £26,900 for Plan 1 and 6% above £21,000 for the Postgraduate Loan separately. Both come off your gross pay before you see your take-home.
No. Student loan repayments are not tax-deductible. They are deducted from your gross pay after tax and National Insurance, so they reduce your take-home pay but not your tax liability.
On £30,000 you earn £3,100 above the £26,900 threshold. At 9% that is £279 a year or about £23.25 a month.